Bleakley Financial Group LLC raised its stake in BrightView Holdings, Inc. (NYSE:BV - Free Report) by 105.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 38,472 shares of the company's stock after purchasing an additional 19,783 shares during the quarter. Bleakley Financial Group LLC's holdings in BrightView were worth $494,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the company. Natixis Advisors LLC lifted its position in shares of BrightView by 24.1% in the 4th quarter. Natixis Advisors LLC now owns 92,117 shares of the company's stock worth $1,473,000 after purchasing an additional 17,895 shares during the period. Intech Investment Management LLC boosted its position in BrightView by 64.1% during the 4th quarter. Intech Investment Management LLC now owns 26,217 shares of the company's stock valued at $419,000 after acquiring an additional 10,241 shares in the last quarter. Boston Partners raised its position in shares of BrightView by 514.6% in the 4th quarter. Boston Partners now owns 579,159 shares of the company's stock worth $9,260,000 after acquiring an additional 484,928 shares in the last quarter. American Century Companies Inc. raised its position in shares of BrightView by 14.7% in the 4th quarter. American Century Companies Inc. now owns 116,231 shares of the company's stock worth $1,859,000 after acquiring an additional 14,915 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC purchased a new position in shares of BrightView in the 4th quarter valued at approximately $1,727,000. Hedge funds and other institutional investors own 92.41% of the company's stock.
Insider Transactions at BrightView
In other BrightView news, major shareholder Kkr Group Partnership L.P. sold 11,600,000 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $14.40, for a total transaction of $167,040,000.00. Following the transaction, the insider directly owned 21,533,123 shares in the company, valued at $310,076,971.20. This represents a 35.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by insiders.
BrightView Price Performance
Shares of NYSE BV traded down $0.01 during midday trading on Friday, reaching $15.87. The stock had a trading volume of 635,113 shares, compared to its average volume of 626,823. The stock has a 50-day moving average of $15.94 and a 200-day moving average of $14.73. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of -793.10 and a beta of 1.27. BrightView Holdings, Inc. has a 12-month low of $11.81 and a 12-month high of $18.89.
BrightView (NYSE:BV - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $662.60 million for the quarter, compared to analysts' expectations of $643.29 million. BrightView had a return on equity of 8.29% and a net margin of 1.65%. The business's revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 earnings per share. As a group, research analysts anticipate that BrightView Holdings, Inc. will post 0.73 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Robert W. Baird dropped their price target on BrightView from $20.00 to $19.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 2nd. Loop Capital lowered their price target on BrightView from $21.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, July 3rd. Finally, Wall Street Zen upgraded shares of BrightView from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, BrightView has an average rating of "Moderate Buy" and an average price target of $17.27.
Check Out Our Latest Stock Analysis on BV
BrightView Profile
(
Free Report)
BrightView Holdings, Inc, through its subsidiaries, provides commercial landscaping services in the United States. It operates through two segments, Maintenance Services and Development Services. The Maintenance Services segment delivers a suite of recurring commercial landscaping services, including mowing, gardening, mulching and snow removal, water management, irrigation maintenance, tree care, golf course maintenance, and specialty turf maintenance.
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